South Korea Enforces Supervisory Fees on Crypto Operators

The Financial Services Commission of South Korea said it will introduce supervisory fees for major cryptocurrency operators. This fee is under the Virtual Asset User Protection Act and will affect leading exchanges such as Upbit, Bithumb, and Coinone. Thus, using the operating income, the fee is projected to be 300 million won ($219,992) for the top exchanges. […] source: https://www.thecoinrepublic.com/2024/08/01/south-korea-enforces-supervisory-fees-on-crypto-operators/